Incorporating EPA's Water Score into reporting for Fannie Mae's
standard multifamily loan documents used in thousands of loans annually.
Not exact matches
Banks have responded by tightening
multifamily lending
standards in each of the past eight quarters, according to the Federal Reserve's survey of senior
loan officers.
They tightened real estate lending
standards in the second quarter, particularly for construction, land development and
multifamily projects, according to the Fed's senior
loan officer survey, released in July.
The reduction in third quarter
multifamily lending follows statements in the summer by the Office of the Comptroller of the Currency and the FDIC warning that
loan underwriting
standards have relaxed for commercial real estate overall.
Net 44.3 percent of survey respondents reported «tightening
standards» for
multifamily loans.
Overall tightening in lending
standards for
loans secured by
multifamily residential properties reflected a tightening of
standards in the
loans made by other, smaller banks.
However, lending
standards for
loans secured by
multifamily residential properties, a measure of
loan supply, tightened on net over the past three months of 2014.
In contrast, 13.9 % of other, smaller banks reported tighter lending
standards on net largely because none of these banks eased their lending
standards on
loans secured by
multifamily residential properties over the past 3 months.
At the same time, the Federal Reserve's senior
loan officer survey shows an increased share of banks reporting tightening
standards for
multifamily loans last year, an effect that, if accurate, can take several quarters to see in the
loan data.